Always consider hidden risks
US Technical Charts Potpourri
 July 09 2017 ( From TradingView, CNN Money )
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The SP500 Index tiny consolidation past 3 weeks is in fact hiding a huge
​sector ​rotation that is under way; technology sector weakness being replace
​by a ​strong health care and financial sectors. ​

​Some Weekly Technical Charts and Short Comments on US financial products:
​1) SPY ETF (SPDR S&P 500 ETF) is below the previous Weekly Break Out
​Trendline that is critical for Bulls. Still Into a Weekly Downtrend Channel.
​Spinning Top Tech pattern 5 weeks ago.
(See first chart below Channel + ​Blue trendline)​​

2) VTI ETF (Vanguard Total Stock Market ETF) comprised of 3591 US Stocks
(Total Market Index) is now below the previous Weekly breakout ​Trendline
​from April 2016.
(See second chart below - Top Grey Trendline). Into Rising Wedge.

​​3) QQQ ETF (NASDAQ - 100 Index) Weekly Bearish Engulfing 5 weeks ago.
Broke the ​Uptrend Channel Support 2 weeks ago. ​
​(See third chart below - ​
Channel)​​.  ​Into a new Weekly Downtrend channel.

4) Apple Shares (AAPL) broke 5 weeks ago the previous Weekly Breakout
​(See fourth chart below - Right - Red Trendline) Becomes Major
​Resistance Trendline that Bears need to protect at all costs.​ Broke the
​Support 4 weeks ago of a ​Weekly Trendline (yellow). Into a Weekly Downtrend Channel.

​​​5) DXY Index (US Dollar Index) broke 10 weeks ago the Support Trendline (See fifth chart below - Blue Trendline)​ and broke 8 weeks ago the Weekly Falling Wedge Support (Red Trendlines). Still into a Weekly Downtrend Channel.

6) TLT ETF (iShares 20+ Year Treasury Bond ETF) broke a Weekly Rising Channel Support Trendline.
​(See sixth chart below - Channel)​​  Closed below the 12 WMA (Weekly Moving Avg-red line).
7) VIX Index (​SP500 Volatility-CBOE) strong weekly compression within a Falling Wedge that started since August 2015. (See seventh chart below - Grey Trendlines). 
8) Copper Futures (HG2-COMEX) broke 6 weeks ago a Weekly Resistance Trendline of a Downtrend Channel. Now into a Weekly Uptrend Channel.​  (See eight chart below-Channel) 

​​9) Light Crude Oil Futures (CL2-NYMEX) Since breaking the Old Weekly Rising Wedge Support Pattern 6 weeks ago, into a Weekly Downtrend Channel. ​​​(See ninth chart below - Grey Trendline).​ 

As the Federal Reserve was the first Central Bank to act on rates, others (ECB, BOC) hawkisnesh bias lately did not help the financial markets in June 2017.


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"To fight and conquer in all your battles is not supreme excellence; supreme excellence consists in breaking the enemy's resistance without fighting."

-Sun Tzu, the Art of War

The Trump Experiment - Financial Markets $SPY #sp500 #usdollar #bonds #gold #stocks #investing #trading #spy #dxy #aapl #copper #vix 

Weekly Chart ( Candles )
TLT ETF (​ iShares Year Treasury Bond ETF  )
​Volume ( Bottom Blue Area )​

Weekly Chart
​SP500 Index ( SPY ETF - Top Panel - Candles )
​SPY ETF Volume ( Bottom Panel - Blue Area )​​

 ​Weekly Chart ( Candles )
​Copper Futures ( HG2 )
​Volume ( Bottom Blue Area )​​

 ​​Weekly Chart ( Candles )
​US Dollar Index ( DXY )

Weekly Chart 
Vanguard Total Stock Market​ ETF ( VTI ETF )

Weekly Chart
​NASDAQ 100 Index ( QQQ ETF - Candles)

Weekly Chart
​Apple Shares ( AAPL )
​Volume ( Bottom Panel - Blue Area )​​

Weekly Chart ( Candles )
CBOE SP500 Index Volatility (​ VIX  )

 ​Weekly Chart ( Candles )
​Oil Futures ( CL2 )
​Volume ( Bottom Blue Area )​​